Robert ReichApr 2, 2024

If the Kroger-Albertsons merger goes through, that combined company + Walmart would control 70% of the grocery market in over 160 cities.

Think grocery prices are bad now?

Without competition, it would be a price gouging free-for-all.

This is why the FTC is suing to stop it.

Show threaddisky
@rbreich I have very little faith in the FTC's ability to prevent mergers in 2024. They've been relatively unsuccessful in stopping the major ones like Activision-Blizzard. I hope they can do it but they just don't seem to have the ability/manpower to get it done.
Apr 3, 2024 at 4:51amWeb